---
schema_version: "secwatch.filing_event.v1"
accession: "0000708821-22-000031"
form_type: "8-K"
ticker: "PAR"
cik: "0000708821"
company_name: "PAR TECHNOLOGY CORP"
filed_at: "2022-03-18T23:59:59+00:00"
generated_at: "2026-06-26T21:49:38.335722+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PAR Technology amends CEO Singh's compensation: base salary $620k, new bonus targets, revised performance metrics

## Summary
- Base salary increased to $620,000 for CEO Savneet Singh.
- FY 2022 short-term incentive bonus: threshold (85% achievement) pays 50% bonus, target (100%) pays 100%, maximum (130%) pays 160%.
- Performance-vesting RSUs for 2022-2023 now based on Annual Recurring Revenue and ARR Gross Margin, replacing narrower Restaurant ARR metrics.
- Annual Recurring Revenue defined as annualized SaaS/related revenue plus payment processing net of expenses; Gross Margin excludes amortization of acquired/developed tech.

## SEC filing metadata
- accession: 0000708821-22-000031
- form_type: 8-K
- ticker: PAR
- cik: 0000708821
- company_name: PAR TECHNOLOGY CORP
- filed_at: 2022-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/708821/000070882122000031/0000708821-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/708821/000070882122000031/par-20220316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000708821-22-000031
- JSON: https://secwatch.observer/filing/0000708821-22-000031.json
- Plain text: https://secwatch.observer/filing/0000708821-22-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.